Why charge card accounts are important.
Although, charge card accounts are a fairly new way to pay, they are becoming more and more needed in the average American lifestyle as time goes by. In today’s economy, it is almost impossible for the average Joe to make it without having one of these life saving pieces of plastic to fall back on. Lets face it, charge cards were intended to be used for safety and convenience but, they are more a financial cushion for you when you need to fall on your face. It is always nice to have a pillow to break your fall but how do you get one? When you start searching for a charge card, what are the most important things to compare? How do I know if I will qualify for a credit card? If you have asked yourself these questions you are not alone.
Although credit cards are widely used and widely accepted, not every one knows the steps to go by in the process of getting a charge card account. I am going to answer these commonly asked questions in this hub and if you have any other questions once it is over, leave a comment and I will answer your question as well!
How do I know if I qualify for a credit card account?
Well the answer to this is simple, “you do qualify for a charge card”. As a matter of fact, everyone qualifies for a credit card no matter what your credit history looks like. Your credit report delegates which credit cards you will qualify for by telling the banks how much of a risk they take to loan money to you. Although, everyone does indeed qualify for a credit card, everyone doesn’t exactly qualify for every charge card.
This is why before you go shopping around for the best charge card for you, you want to learn a little bit about your credit report. You can get a free credit report from www.AnnualCreditReport.com. They don’t try to sell you a monthly service, it is simply a free credit report once a year so you know where you stand. Once you get your credit report, read through it as if you were the bank and someone handed you their credit report asking you for money. It is very important to be honest with yourself when answering the following question.
If you were the bank, would you loan this person money? If you answer 100% without a doubt yes, then chances are that you have excellent credit. If you answer yes I don’t see why not, then chances are you have good credit. If you answer maybe, then chances are you have fair credit. If you answer no, chances are you have bad credit. When searching for a good credit card account for you, use this information pick credit cards that complement your credit. If you think you have excellent credit and you get declined for an excellent credit credit card, move one step down to good credit and do so until you are approved.
Remember don’t apply for too many in one credit range, declined applications can also have an adverse effect on your credit report so be careful!
What should you compare when choosing a charge card?
To be quite honest with you, there are a-lot of things that can be compared when looking over charge card offers. Depending on the scenario, you can compare several things but, I would like to outline a few for you:
1.First and foremost you want to compare interest rates - An APR is a number that signifies the amount of money that you will spend on interest for borrowing money against your credit card account. The lower the APR, the less you pay. When comparing charge card accounts, it is vitally important that you make sure to get the lowest interest possible. Even if you plan on paying the balance off in full each and every month, you may come across some hard times. Trust me I’ve been there. If you come across hard times, you don’t want to have a load of debt sitting on a high interest rate charge card, this will only drag you down further.
2.Compare rewards - Many credit card companies use reward systems as a way to bring in new clients and get them to use their credit cards. Although, I never advise anyone on using a credit card account specifically to get the rewards from that card, some of these rewards are quite nifty and may come in handy to you.
credit card companies are known for offering rewards that range from cash back to gas cards to cash. When searching for a credit card, make sure the reward structure fits your financial and recreational habits. If you are afraid of heights, don’t apply for a skymiles charge card because you will never want to use the rewards. If you get a credit card account and don’t use the rewards, you are not using the card to it’s fullest potential!
3.Annual fees can be a pain - The next thing you want to check up on is the annual fee of the prospective charge cards. Some times you will come across a charge card with a great low APR and great rewards but when you read carefully through the terms and conditions, you will find out that there is a $495.00 annual fee. Now honestly I don’t know how you feel about annual fee, but if I can save $495.00 a year I am going to.
Now that you know what to look for, where do you look and how do you get your hands on a good card?
You have reached the easiest part of your search! Finding charge cards is simple, they are all over the internet. I personally advise using www.JemCreditCards.com, it is my personal website and I promise you, I have the best and most up to date offers out there. Getting one is also quite simple. When searching for a charge card, follow the key points I gave you earlier. Use these key points to find the best card for you. Once you find the card, click the blue apply now button and apply. Like I said if you are declined, just move down to the next credit category and try again. There is a charge card for everyone.
If you would like help with finding the best credit card for you, contact me I will help you for FREE.
By phone - Joshua Rodriguez (561) 355-0069
By email - Support@JemCreditCards.com
By comment - Leave your questions as a comment so I can answer them publically
By the web - Go to my website by clicking here —-> credit card help
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